Bharti AXA Life Pension Plans – Review the Pension Plan Details and Apply

Bharti AXA Life Pension Plans

Bharti AXA Life Pension Plans are offered by the Bharti AXA Life Insurance Company. The Bharti AXA Pension Plans are discussed in the below sections. Check the Plan Details, Eligibility, and Features. Review the Bharti AXA Life Pension Plans details and apply Online.

List of Plans Offered by Bharti AXA Life Insurance

  1. Bharti AXA Dream Life Pension Plan.
  2. Bharti AXA Future Secure Pension Plan.
  3. Bharti AXA Wonder Year Pension Plan.

1. Bharti AXA Dream Life Pension Plan

1. Bharti AXA Dream Life Pension Plan

Make the retirement a fulfillment of your long cherished dream with the Bharti AXA Dream Life Pension Plan.

Eligibility Criteria:  

  • The entry age should be in the range of 18- 55 Years and the Maximum Age of Maturity is 65 Years.
  • The minimum Premium amount is as low as INR 12,000, and the lowest term of the policy is 10 Years only.
  • After the first policy year, this plan is possible to top up the insured amounts whenever required.
  • There are death benefits present along with the special additions and vesting benefits.

2. Bharti AXA Future Secure Pension Plan

2. Bharti AXA Future Secure Pension Plan

Bharti AXA Future Secure Pension Plan gives you to maximum post-retirement security and complete flexibility of use.

Eligibility Criteria:  

  • The entry age is 18- 75 Years. With the maturity age between 33 – 90 Years.
  • The minimum term of the policy is 15 years.
  • There are maturity and death benefits associated with the kind of pension plans in case of unfortunate death of the policy holder. The nominee gets the maturity benefits.

3. Bharti AXA Wonder Year Pension Plan

3. Bharti AXA Wonder Year Pension Plan

Eligibility:

MinimumMaximum
Sum Assured (in Rs.)NANA
Policy Term (in years)60 years less Age at entry for Policy Term To Age 60Ten years for a fixed policy term of 10 years
Premium Payment Term (in years)Equal to term policyEqual to policy term
Entry Age of Policyholder40 Years (10-year policy term)18years (To Age 60 policy term)and 70 Years only (10-year policy term)45 years (To Age 60 policy term)
Age at Maturity5070
Single Premium (in Rs.)NANA
Payment modesAnnual, Semi-annual, Quarterly & Monthly

Features:

  • This is a traditional plan with-profits pension.
  • In this policy plan, the nominee would get 108% of the premiums paid till the date of the death benefit.
  • On maturity, the policyholder may choose to receive the pension from the present insurer or to any other insurer.
  • Retirement savings are to be enhanced with non-guaranteed bonuses whenever declared starting from the 1st policy year onwards.
  • Medical tests or even declaration of good health is not required.

Benefits:

  • Death Benefit: In the case of death of the policyholder, the nominee gets 108% of premiums paid till date.
  • Maturity Benefit: On maturity, the policyholder receives the Vesting Fund along with the declared bonus. He has the option to withdraw 1/3 of the vesting amount tax-free and start receiving the pension from the remaining 2/3 of the fund. He may also choose to receive a pension from any other insurer in the industry.
  • Income Tax Benefit: Life Insurance premiums paid up to Rs.1,00,000/- are allowed as a deduction from the taxable income each year. Under section 80CCC. 1/3 of the Maturity Amount should be withdrawn tax-free under section 10(10)A.

➡ Check the Bharti AXA Pension Plan Details